Papa Johns has been struggling to grab consumer attention. The pizza chain reported a 4% same-store sales slide in North America for the second quarter, bolstered only by third-party delivery sales.
Dutch Bros had a great quarter. The drive-thru coffee chain bested Wall Street expectations for earnings and profits and raised guidance for the year. Yet that was not enough to satisfy investors, resulting in a stock price decline of more than 20% on Thursday.
Noodles & Company may close 20 restaurants. CEO Drew Madsen said the underperformers have collectively lost about $2 million.
TGI Fridays’ deal to be acquired by its UK franchisee is apparently in question. The operator, Hostmore plc, said this week that the deal has been delayed as the two companies work to sell their remaining corporate locations to franchisees.
There are a lot of Taco Bell fans interested in the idea of early retirement. “The Cantinas,” which is the brand’s early retirement community, opens Aug. 17-18 in San Diego.
Get all these stories and more above in today’s Restaurant Daily podcast.
